Value Partners Investments Inc. Has $5.25 Million Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

Value Partners Investments Inc. cut its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 90.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,909 shares of the Wireless communications provider's stock after selling 1,551,712 shares during the quarter. Rogers Communications makes up approximately 2.9% of Value Partners Investments Inc.'s holdings, making the stock its 10th largest holding. Value Partners Investments Inc.'s holdings in Rogers Communications were worth $5,249,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of RCI. Crossmark Global Holdings Inc. raised its holdings in Rogers Communications by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 23,563 shares of the Wireless communications provider's stock worth $725,000 after acquiring an additional 379 shares during the last quarter. Forsta AP Fonden raised its holdings in Rogers Communications by 3.2% in the 4th quarter. Forsta AP Fonden now owns 84,400 shares of the Wireless communications provider's stock worth $2,593,000 after acquiring an additional 2,600 shares during the last quarter. Waldron Private Wealth LLC raised its holdings in Rogers Communications by 3.1% in the 4th quarter. Waldron Private Wealth LLC now owns 21,943 shares of the Wireless communications provider's stock worth $682,000 after acquiring an additional 660 shares during the last quarter. Vest Financial LLC raised its holdings in Rogers Communications by 59.2% in the 4th quarter. Vest Financial LLC now owns 24,623 shares of the Wireless communications provider's stock worth $757,000 after acquiring an additional 9,160 shares during the last quarter. Finally, American Capital Advisory LLC raised its holdings in Rogers Communications by 1,349.5% in the 4th quarter. American Capital Advisory LLC now owns 16,945 shares of the Wireless communications provider's stock worth $521,000 after acquiring an additional 15,776 shares during the last quarter. 45.49% of the stock is owned by institutional investors.

Rogers Communications Trading Down 1.1%

Shares of RCI traded down $0.29 during midday trading on Wednesday, hitting $26.30. The stock had a trading volume of 925,041 shares, compared to its average volume of 1,013,578. The stock's 50 day moving average is $25.62 and its 200 day moving average is $28.85. The firm has a market cap of $14.10 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.43 and a beta of 0.73. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. Rogers Communications Inc. has a 1 year low of $23.18 and a 1 year high of $41.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.02). The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $4.96 billion. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. Rogers Communications's revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, analysts forecast that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be paid a $0.3611 dividend. This is an increase from Rogers Communications's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Monday, June 9th. Rogers Communications's dividend payout ratio is currently 59.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Scotiabank cut Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. Canaccord Genuity Group raised Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $67.00.

Rogers Communications Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.